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The Fairport Machine Shop wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Month January April

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The Fairport Machine Shop wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Month January April July October $13,000 $15,000 $17,000 $14,500 1,500 1,700 2,000 1,800 What would be the best equation using the high-low method? Y = $4,000+ $7x 0 Y = $1,000 + $8X Ys $4,000 + $8X

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